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Nu Holdings Ltd. - $NU STOCK NEWS

Welcome to our dedicated page for Nu Holdings Ltd. news (Ticker: $NU), a resource for investors and traders seeking the latest updates and insights on Nu Holdings Ltd. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nu Holdings Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nu Holdings Ltd.'s position in the market.

Rhea-AI Summary
Nu Holdings Ltd. (NYSE: NU) reported strong Fourth Quarter and Full Year 2023 financial results, with $8 billion in revenues and $1 billion in net profit in 2023. The company added 4.8 million customers in Q4'23, reaching 93.9 million globally. Nu's monthly average revenue per active customer grew to $10.6 in Q4'23, with an 83.1% activity rate. Net income for Q4'23 was $360.9 million, with revenues surging to $2.4 billion. Nu continues to invest in growth avenues to surpass 100 million customers in 2024.
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Nu Holdings Ltd. (NYSE: NU) released its Third Quarter 2023 financial results, showcasing remarkable growth and profitability. With 90 million customers globally and $2.1 billion in revenue, Nu continues to expand its digital financial services platform. Key highlights include a 53% revenue increase, 18% ARPAC growth, and a 35.0% efficiency ratio. The company also achieved an annualized ROE of 21% and an adjusted net income of $356 million.
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S&P Global Ratings assigns BB- international rating to Nu Financeira and Nu Holdings
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Nu Holdings Ltd. released its Second Quarter 2023 financial results, reporting a record revenue of $1.9 billion and net income of $225 million. The company added 4.6 million customers in Q2’23, reaching a total of 83.7 million customers globally. Nu's Monthly Average Revenue per Active Customer (ARPAC) reached $9.3, surpassing $9 for the first time. The company's efficiency ratio achieved 35.4%, and its 15-90 NPL ratio decreased to 4.3%. Nu's gross profit expanded to $782 million, with a gross profit margin of 42%. The company has a Basel Index of 20.2% in Brazil and $2.4 billion in excess cash.
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Nu Holdings Ltd. surpasses 80 million customers in Brazil and reaches 85 million customers across Latin America. The company is now the 4th largest financial institution in Brazil. Nubank's sustained growth is driven by its digital business model and focus on customer service. Nu also serves 4.5 million customers in Mexico and Colombia. The company's financial results show consistent improvement, with net income of $142 million in Q1'23 and revenue nearly doubling year over year.
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Nu Holdings Ltd. (NYSE: NU | B3: NUBR33) will host a conference call to discuss its Q2'23 financial results on August 15, 2023, at 5:00 p.m. Eastern Time. The earnings release will be issued after the market closes on the same day.
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Nu Holdings Ltd.

NYSE:NU

NU Rankings

NU Stock Data

52.23B
2.96B
21.89%
70.72%
1.28%
Commercial Banking
Finance and Insurance
Link
United States of America
Willow House Cricket Square

About NU

Nu Holdings Ltd is a Brazil-based company that provides a digital banking platform.